India’s leading digital financial services platform Paytm today announced that it has partnered with Uber India to extend its Postpaid service to its riders. With this integration, users will be able to pay for their Uber rides through their Paytm Postpaid account, enabling commuters to shift from cash to Postpaid service. This will ensure greater ease to spend now, pay later.
Paytm already has a long-standing partnership with Uber, with its payment gateway benefitting millions of Uber riders to make instant payments from Paytm Wallet, Paytm UPI, and Cards. The Postpaid service integration will further promote digital transactions on Uber’s platform and enhance the customer experience.
To avail of this new facility, registered users can simply pay through the Paytm app, with funds from their activated Postpaid account after completion of a trip. The user can repay later at his convenience, by paying his Paytm Postpaid bill which is generated on a monthly basis.
Bhavesh Gupta, CEO, Paytm Lending said,
“We are excited to extend our long-term association with Uber India and enable its commuters to benefit from the convenience of Paytm Postpaid services. This partnership is another step towards our mission of empowering common Indians to avail of easy credit, whenever required.”
Commenting about this latest integration, Abhilekh Kumar, Head, Business Development, Uber India & South Asia said,
“We applaud Paytm for extending this Postpaid service of riding now and paying later to our users. This further expands the range of safe, digital payment options available to our riders, especially during the ongoing global pandemic. With this latest integration, we hope to promote better, safer and more convenient digital transactions and reduce cash dependency on our platform.”
Paytm Postpaid services can be availed for a range of use cases; from daily purchases of groceries, milk, and other home essentials from neighbourhood Kirana stores to high value shopping at popular retail destinations such as Reliance Fresh, Haldiram, Apollo Pharmacy, Croma, Shoppers Stop among others. Additionally, it has been extended to various bill payment facilities available on Paytm, shopping on Paytm Mall, and online payments at internet apps such as Uber, Myntra, Lenskart, Gaana, Pepperfry, HungerBox, Patanjali, Spencer’s among others.
Paytm is India’s leading digital financial services company that offers full-stack payments and financial solutions to consumers, offline merchants and online platforms. The company is on a mission to bring half a billion Indians into the mainstream economy through payments, commerce, banking, investments, and financial services. One97 Communications Limited that owns the brand Paytm is founded by Vijay Shekhar Sharma and is headquartered in Noida, Uttar Pradesh. Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price, and Discovery Capital.
Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
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